Regulator wrong on December hydro spill impacts - Meridian

Wed, 19 Aug 2020

The Electricity Authority has overstated the potential impact on power prices from spilling during December’s South Island flooding and risks creating new rules for the generation market without proper process or consideration, Meridian Energy says. The authority’s preliminary ruling that the way Meridian priced its South Island generation in the first half of December had created an undesirable trading situation is inconsistent with long-standing practice and the authority’s own consideration of similar previous cases, Meridian says in a 68...

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